The Spring Portfolio
In August 2021, Joiner Cummings acted on the sale of The Spring Portfolio on behalf of an institutional fund.
- Four freehold multi-let industrial estates offering proven reversionary potential and numerous asset management
- Central urban locations, which have exceptional population and economic growth expectations within 5
- Total floor area (GIA) of 624,300 sq ft spread across 42 units.
- Let to 29 tenants, comprising a diverse and secure income stream including many well-known national covenants:
Royal Mail, Screwfix, Howdens, and Topps Tiles.
- Rent collection in excess of 95% since March 2020.
- WAULT of 5.86 years to lease expiry (4.75 years to break).